Supporting Entry and Growth of Australian Businesses via Tax and Transfers. This project aims to characterise the optimal tax treatment of business income for insurance and efficiency purposes. Using new data for Australia, the project expects to first identify key determinants of businesses creation, growth and exit, before and after COVID-19. In light of those determinants, the project expects to develop original macroeconomic models integrating firm dynamics into optimal taxation frameworks. ....Supporting Entry and Growth of Australian Businesses via Tax and Transfers. This project aims to characterise the optimal tax treatment of business income for insurance and efficiency purposes. Using new data for Australia, the project expects to first identify key determinants of businesses creation, growth and exit, before and after COVID-19. In light of those determinants, the project expects to develop original macroeconomic models integrating firm dynamics into optimal taxation frameworks. Expected outcomes include formulating fiscal policies that provide adequate stimulus to businesses, by balancing public insurance and income inequality. This should deliver evidence-based inputs to promote Australia's post-pandemic recovery, through the design of a fairer and more efficient business tax and transfer system.Read moreRead less
Monetary policy, redistribution and endogenous asset market incompleteness. This project aims to provide a new framework for modelling agent heterogeneity and for evaluating the effects of monetary policy on aggregate welfare and wealth distribution over the business cycle. This project will focus on monetary policy, using new quantitative theories with new efficient computational methods, to understand and quantify links between monetary policy the dynamics of aggregate outcomes (such as inflat ....Monetary policy, redistribution and endogenous asset market incompleteness. This project aims to provide a new framework for modelling agent heterogeneity and for evaluating the effects of monetary policy on aggregate welfare and wealth distribution over the business cycle. This project will focus on monetary policy, using new quantitative theories with new efficient computational methods, to understand and quantify links between monetary policy the dynamics of aggregate outcomes (such as inflation or employment), and the distribution of individual wealth (such as money, capital and housing).Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE210100137
Funder
Australian Research Council
Funding Amount
$347,889.00
Summary
Global Economic Uncertainty, Liquidity and Monetary Policy in Australia. This project aims to analyse the impact of global trade and financial uncertainty on the Australian economy and provide quantifiable policy prescriptions. This project expects to generate new knowledge in the area of monetary and macroeconomic policy using an innovative approach with search and matching frictions, to formalise how investors respond to higher uncertainty given their liquidity requirements. The intended outco ....Global Economic Uncertainty, Liquidity and Monetary Policy in Australia. This project aims to analyse the impact of global trade and financial uncertainty on the Australian economy and provide quantifiable policy prescriptions. This project expects to generate new knowledge in the area of monetary and macroeconomic policy using an innovative approach with search and matching frictions, to formalise how investors respond to higher uncertainty given their liquidity requirements. The intended outcomes of the project include offering a new theory with the potential to guide future research and novel quantitative application to Australian macroeconomic data. This should provide significant insights for institutions such as the Reserve Bank of Australia and benefits through the design of policy.Read moreRead less
Skills, productivity, and wages: Theory and evidence . This project aims to build a macroeconomic model to help understand the implications of heterogeneity in workers skills for wages and productivity.
The research significance of this project is in its treatment of worker skills as an indivisible bundle. This bundling of skills gives rise to the possibility that a given skill is priced differently in different occupations which in turn has implications for firms' incentives to invest in tech ....Skills, productivity, and wages: Theory and evidence . This project aims to build a macroeconomic model to help understand the implications of heterogeneity in workers skills for wages and productivity.
The research significance of this project is in its treatment of worker skills as an indivisible bundle. This bundling of skills gives rise to the possibility that a given skill is priced differently in different occupations which in turn has implications for firms' incentives to invest in technology and training and workers' incentives to invest in education.
This project uses state of the art economic theory and empirical methods and expects to provide a new and better understanding of the sources of wage growth that helps guide national policy formation in innovation and training.
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